FACTIONS

\fˈakʃənz], \fˈakʃənz], \f_ˈa_k_ʃ_ə_n_z]\

Definitions of FACTIONS

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1895 - Glossary of terms and phrases
By Henry Percy Smith

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PROPORTIONAL AGREEMENT

  • When an insurer must take their share the losses based on a fixed variable percentage or monetary value. Refer to excess of loss agreement.
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